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 Puerto Vallarta Real Estate | March 2007 
Mexico's First Dollar-Denominated Cash Out Mortgage
 PVNN
ARA Capital recently completed Mexico's first dollar-denominated cash out mortgage. This move allows a homeowner to access equity in a home they paid cash for and is an especially important new tool for Americans who have a home in Mexico. The ARA client, a U.S. citizen, received a $100,000 loan from his home in Mexicali, Baja California.
A growing number of Americans are purchasing ocean front property in Mexico for retirement and investment purposes. Many are seeking vacation homes in beautiful resort settings that are convenient to visit and brimming with history and charm. Others are looking to purchase affordable yet distinctive homes for their retirement years. ARA Capital specializes in guiding clients through the home financing process in Mexico.
Incorporated in both the U.S. and Mexico, ARA Capital is a private mortgage bank specializing in U.S. and Mexican real estate. The ARA Capital team focuses on providing mortgage financing for American and Mexican nationals building, purchasing and refinancing homes in Mexico. ARA offers dollar-denominated loans in Mexico for U.S. residents and citizens. The company also provides peso mortgages for Mexican nationals through the website www.arahipotecaria.com.mx. ARA also offers construction financing and equity for property acquisitions.
ARA Capital operates offices in Mexico City, Mazatlan, San Miguel de Allende, and throughout Baja California. As the first American lending and credit institution approved as a Multiple Purpose Financial Company in Mexico, ARA Capital's mission is to become Mexico's premier lending source by providing exceptional customer service and personalized financial solutions.
For more information, call (949) 679-9600 or visit www.loanformexico.com. |
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